US-based banking giant Citi's gold and oil analysis attracted attention.
According to the bank's analysis, gold prices could rise to 3 thousand dollars per ounce in the next 12 to 18 months. The oil price can see 100 dollars.

Citi analysts explained that gold could increase by 50 percent in the event of sudden purchases by central banks, a possible stagflation or deep global recession.

THERE MAY BE A GOLD RUSH FROM THE DOLLAR

Central banks in emerging markets may rush into gold as confidence in the dollar wanes, analysts say. The bank pointed out that China, Russia, India, Brazil and Turkey have increased their gold purchases in recent years.

The analysis also emphasized a scenario in which the Fed could cut interest rates rapidly due to the deep global recession.

WILL OIL REACH 100 DOLLARS?

Bank analysts said the triggers for oil to reach $100 a barrel are high geopolitical risks, deep OPEC+ cuts and supply problems from key oil producing regions.

100 million tons of oil discovery from China! 100 million tons of oil discovery from China!

According to the bank, Iraq, Iran, Libya, Nigeria and Venezuela are vulnerable to supply disruptions.Geopolitical risks such as Russian oil supply also continue.Analysts said their base scenario for oil is around 75 dollars per barrel this year.

Ounce of gold is trading at $ 2,28 as of today. Brent oil is hovering around 83.37 dollars.